State & Local Tax
KBF State Income Tax Newsletter – 1st Quarter 2025
KBF’s quarterly newsletter updates clients on state and local income/franchise tax news, developments, and trends. Please note that this information is for discussion purposes only and does not constitute specific…
Read MoreNavigating State Tax Nexus in the Digital Age
In today’s interconnected world, understanding state tax nexus is crucial for businesses of all sizes. The concept of nexus, the requisite connection between a business and a jurisdiction that allows…
Read MoreKBF State Income Tax Newsletter – 4th Quarter 2024
KBF’s quarterly newsletter updates clients on state and local income/franchise tax news, developments, and trends. Please note that this information is for discussion purposes only and does not constitute specific…
Read MoreCalifornia Wildfire Relief: Tax Filing and Payment Deadlines Extended
In response to the devastation caused by recent wildfires, various tax agencies have implemented filing and payment extensions to support affected individuals and businesses in Los Angeles County. This relief…
Read MoreLouisiana Overhauls Tax Code with Sweeping Changes
Louisiana recently enacted a comprehensive tax reform package, significantly altering the state’s tax landscape. Signed into law by Governor Jeff Landry on December 5th, the legislation includes: Corporate Tax Changes…
Read MoreMassachusetts Announces Tax Amnesty Program
Massachusetts will hold a tax amnesty program from November 1, 2024, to December 30, 2024, during which time it will waive most penalties for eligible taxpayers who file outstanding returns…
Read MoreKBF State Income Tax Newsletter – 3rd Quarter 2024
KBF’s quarterly newsletter updates clients on state and local income/franchise tax news, developments, and trends. Please note that this information is for discussion purposes only and does not constitute specific…
Read MoreTax Benefits of Home Renovations
While home renovations aren’t typically fully tax-deductible, several strategies can help you minimize your tax burden. Here are some options: Mortgage Interest Deduction When you finance your home purchase,…
Read MoreOregon Voters to Decide on Additional Corporate Minimum Tax in November
Initiative Petition 2024-17 (IP-17) has qualified for Oregon’s November 5, 2024 General Election ballot; the measure is officially titled Oregon Measure 118, Corporate Tax Revenue Rebate for Residents Initiative (2024).…
Read MoreImportant Updates to Multnomah County’s Preschool for All Income Tax
Multnomah County has adopted amendments to the Preschool for All income tax program aimed to improve tax administration and compliance. Some of these key changes include: Electronic Filing: The County wants…
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